The GBP/USD pair rose during the course of the session on Monday, as we bounced significantly above the 1.50 level. This is an area that should be massively supportive, based upon the large, round, psychologically significant number....
GBPUSD is in downtrend from 1.5551, the rise from 1.5032 is likely consolidation of the downtrend. Further decline to test 1.4950 support is possible after consolidation. Resistance is at 1.5170, only break above this level could signal...
GBPUSD remains in downtrend from 1.5551, and the fall extended to as low as 1.5032. Further decline to test 1.4950 support is possible, a breakdown below this level will signal resumption of the long term downtrend from...
GBPUSD is facing 1.4950 support, a breakdown below this level will indicate that the downtrend from 1.7190 (Jul 15, 2014 high) has resumed, then next target would be at 1.4500 area. On the other side, as long...
The GBP/USD pair went back and forth during the session on Thursday, showing that the 1.52 level below continues to be supportive. In fact, it is not until we break down below there that we would feel...
GBPUSD’s downward movement from 1.5551 extended to as low as 1.5215. Resistance is located at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected...
The GBP/USD pair broke down during the session on Wednesday, testing the 1.5250 region. With that being the case, it appears of the market is going to continue going lower, but we need to see the market...
GBPUSD remains in downtrend from 1.5551, and the fall extended to as low as 1.5251. Further decline could be expected after a minor consolidation, and next target would be at 1.5100 area. Resistance is located at the...
The GBP/USD pair went back and forth on Tuesday, essentially settling on a slightly negative candle. At the end of the day however, we feel that this market has plenty of support in the neighborhood of the...
GBPUSD is now in downtrend from 1.5551. Further decline could be expected after a minor consolidation, and next target would be at 1.5100 area. Resistance levels are at 1.5460 and 1.5551, only break above these levels could...
